M&A Deal Summary

Sun Microsystems Acquires HighGround Systems

On April 2, 2001, Sun Microsystems acquired information technology company HighGround Systems for 400M USD

Acquisition Highlights
  • This is Sun Microsystems’ 1st transaction in the Information Technology sector.
  • This is Sun Microsystems’ 5th largest (disclosed) transaction.
  • This is Sun Microsystems’ 12th transaction in the United States.
  • This is Sun Microsystems’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2001-04-02
Target HighGround Systems
Sector Information Technology
Buyer(s) Sun Microsystems
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

HighGround Systems

Marlborough, Massachusetts, United States
HighGround Systems, Inc. is a developer of storage resource management software for open systems. HighGround markets Global Storage Resource Manager(TM) (SRM(TM)), a comprehensive family of solutions for managing storage resources in today's complex enterprises.

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Buyer(S) 1

Buyer

Sun Microsystems

Santa Clara, California, United States
Category Company
Sector Technology Hardware
DESCRIPTION

Sun Microsystems, Inc. was a company that sold computers, computer components, computer software, and information technology services and that created the Java programming language, and the Network File System.

DEAL STATS #
Overall 16 of 39
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 16 of 39
State (Massachusetts) 1 of 4
Country (United States) 12 of 32
Year (2001) 1 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-07 Cobalt Networks

Mountain View, California, United States

Cobalt Networks, Inc. is a producer of Web appliances, which are relatively low-cost computers preconfigured and preloaded with software to perform specific tasks on the Internet. Cobalt sells a product for adding storage capacity to local networks.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-02 LSC

Eagan, Minnesota, United States

LSC, Inc. is a designs, develops, and supports advanced storage management software for open systems, marketed through a network of OEMs, resellers, and integrators. LSC provides a hierarchical data-sharing file system and storage system software designed to enable Sun's customers to intelligently share, place, backup and archive data with automation and ease, resulting in efficient use of their storage resources.

Buy $74M
Mergr

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